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Textile stocks fall up to 6% after US-Bangladesh trade deal
Textile shares fell up to 6% amid fears US-Bangladesh trade terms may pressure Indian exporters’ margins.
Textile stocks declined up to 6 percent after reports of a US Bangladesh trade deal raised concerns over competitive pressure for Indian exporters. Analysts said lower tariffs for Bangladesh could impact margins of domestic textile companies in key markets. Investors reacted cautiously amid global demand uncertainties. Market participants are assessing long term implications on the export volumes and pricing power.